TLS 0.26% $3.85 telstra group limited

nonsitap, thanks for answers, some good points raised by you.I...

  1. 253 Posts.
    nonsitap, thanks for answers, some good points raised by you.

    I shoudda waited cos there’s as lot more brewing in Canberra & in the real world about this NBN & TLS. Seems Messrs Rudd & Conroy are willing to fork out unlimited funds to rush legislation through and also favourably influence the market - But it wont be that easy.

    Article in today’s AFR ; “Opposition bid to derail Telstra split” states - the Rudd government's plan for Telstra could fail amid increasing criticism of the proposed restructuring.

    Items included:

    • Independent Senators backed the coalition plan and said that there should be no rush to pass the reform this year.
    • Delay or Amendments to the government's plan would reduce pressure on Mr. Thodey and work to his advantage.
    • Senator Barnaby Joyce representing rural interests backed the coalition approach.
    • The NBN network is preparing to seek advice from investment bankers as it continues crunch negotiations with Telstra
    • Senator Conroy hopes negotiations and talks with Telstra will end in an ambitious Christmas deadline to agree to ‘heads of terms’.
    • NBN Co executive chairman Mike Quigley said that the company – charged with creating the most ambitious broadband network in the world – was looking at all options for potential acquisitions to kickstart the project.
    • In committee hearings yesterday, Future Fund officials expressed concern about the reform plans, Mr Costello –“I think there are significant negative risks for Telstra.”
 
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